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How to transfer material/ part of fixed asset from Asset under construction(CWIP) to Inventory

Mar 13 at 06:54 AM


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Former Member

While procurement of assets we have used WBS element in purchase order, so material directly booked to WBS element at the time of GRN. The task is now completed.

There are some parts of asset are left and can be used for next task which is not yet finalized.

We want to move those extra left part to Inventory, so those can be issued to next task or can be used as repair & maintenance.

Please guide us on how to transfer those parts laying in CWIP to Inventory.

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